New round of China-US trade talks starts in Washington
Chinese and US officials are set to reconvene in Washington on Tuesday to kick off a new round of talks on trade that follow positive negotiations last week in Beijing.
The talks will try to “achieve needed structural changes in China that affect trade between the United States and China. The two sides will also discuss China’s pledge to purchase a substantial amount of goods and services from the United States,” the White House said in a statement on Monday.
Later on this week there will also be higher-level talks led by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu.
They will likely include negotiations on forced technology transfers from US companies to China and alleged intellectual property theft, said Reuters on Tuesday.
The talks come at the end of a truce between both countries that will see tariffs rise on Chinese products from 10% to 25% by 1 March if there is no trade agreement in place.
It is expected that President Trump will extend this deadline by 60 days hoping that a deal is within reach.